U.K. Fleet Management Market to Reach a Value of USD 5,272.17 million
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U.K. fleet management market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with a CAGR of 9.6% in the forecast period of 2022 to 2029 and is expected to reach USD 5,272.17 million by 2029. The increasing growth of infrastructure projects in the region is driving the growth.
Key Pointers Covered in U.K. Fleet Management Market Industry Trends and Forecast to 2029
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market By Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Regulatory Framework and Changes
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
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Benefits of Considering this Report:
- This report is compiled using a vigorous and thorough research methodology. Data Bridge Market Research is also known for its data accuracy and granular market reports.
- A complete picture of the competitive scenario of U.K. Fleet Management Market is depicted by this report.
- The report consists of a vast amount of data about the recent product and technological developments in the markets.
- The insights in the report are easy to understand and include a graphical representation of the numbers in the form of histograms, bar graphs, pie charts, etc.
U.K. Fleet Management Market Scope and Market Size
U.K. fleet management market is segmented into eleven notable segments based on components, lease type, mode of transport, hardware, fleet size, communication range, deployment, communication type, functions, operations, and end user.
- On the basis of components, the U.K. fleet management market is segmented into solutions and services. In 2022, the solutions segment is expected to dominate the market as passive U.K. fleet management provides comprehensive solutions for the management of fleets such as car wash, fuel issues, tracking systems, and many more.
- On the basis of lease type, the U.K. fleet management market is segmented into on-lease and without lease. In 2022, on lease segment is expected to dominate the market because it becomes easier for the companies to operate the fleet management services.
- On the basis of mode of transport, the U.K. fleet management market is segmented into automotive, rolling stock, and marine. In 2022, the automotive segment is expected to dominate the market as a maximum of the fleet management scenarios are offered in the automotive section or on-road vehicles.
- On the basis of hardware, the U.K. fleet management market is segmented into tracking, optimization, ADAS, diagnostics, and others. In 2022, the tracking segment is expected to dominate the market as it gives the perfect analysis of where the fleets are and how they are performing.
- On the basis of fleet size, the U.K. fleet management market is segmented into small fleets (1-5 vehicles), medium fleets (5-20 vehicles), and large & enterprise fleets (20-50+ vehicles). In 2022, the small fleets (1-5 Vehicles) segment is expected to dominate the market because of its cost-efficiency.
- On the basis of communication range, the U.K. fleet management market is segmented into short range communication and long range communication. In 2022, short range communication segment is expected to dominate the market as short range magnetic signals are easily detected and are associated with less amount of external noises.
- On the basis of deployment, the U.K. fleet management market is segmented into on-premise, cloud, and hybrid. In 2022, the On-premise segment is expected to dominate the market as it is important to access the in-transit fleets with full visibility.
- On the basis of communication type, the U.K. fleet management market is segmented into GNSS, cellular systems, and others. In 2022, the GNSS segment is expected to dominate the market as it reduces costs.
- On the basis of functions, the U.K. fleet management market is segmented into monitoring driver behavior, fuel consumption, asset management, ELD compliance, route management, vehicle maintenance updates, delivery schedule, accident prevention, real-time vehicle location, mobile apps, and others. In 2022, the asset management segment is expected to dominate the market as it helps to detect the performance analysis of the fleets in a very precise manner.
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Some of the key questions answered in this report:
- How has the U.K. Fleet Management Market performed so far and how will it perform in the coming years?
- What are the key regional markets?
- What is the breakup of the market based on the procedure?
- What is the breakup of the market based on the injury location?
- What is the breakup of the market based on the end user?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the U.K. Fleet Management Market and who are the key players?
- What is the degree of competition in the industry?
Market Analysis and Insights: U.K. Fleet Management Market
- Fleet management is the management of commercial vehicle operations at scale. Any company that uses a fleet of vehicles as part of its business model can be said to be doing some form of fleet management. Fleet management is all about keeping costs reasonable, maximizing profitability, and minimizing risk.
- The purpose of fleet management is to keep track of the performance and maintenance of these vehicles to make sure that the system is running smoothly and potentially look for ways to improve efficiency. Basically, fleet management is about optimization and process improvement. The person in charge of fleet management is usually the fleet manager.
- Responsibilities of the fleet manager include maintenance and repair of vehicles, resource management (fuel, parts, vehicles, and even drivers themselves), driver training, behavior and safety compliance, asset utilization, risk management, route planning, waste management, overseeing and improving the productivity of the fleet. Rise in demand for monitoring fleets is expected to act as a major driver to the market in this region. However, improper guidance for enabling the routes may restrain the market’s growth.
- The rise in demand for utility vehicles is expected to act as major opportunity for the market. On the other hand, excessive rise in cyber threats may act as a major challenge for the market’s growth.
U.K. Fleet Management Market Share Analysis
U.K. fleet management market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, U.K. presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies' focus related to U.K. fleet management market.
Key player U.K. Fleet Management Market
Some of the major players operating in the U.K. Fleet Management market are AT&T Intellectual Property, Ctrack (Powered by Inseego Corp.), Astrata Group, Omnitracs (Acquired by Solera), Tom Tom International BV, Wheels, Inc., Geotab Inc., Verizon, Cisco Systems, Inc., Siemens, IBM Corporation, DENSO CORPORATION, Sierra Wireless, CalAmp, Lytx, Inc., Robert Bosch GmbH, ORBCOMM, ARI Fleet Management Company, Azuga, a Bridgestone Company, Fleet Alliance, Masternaut Limited, HARMAN International, Continental AG, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
MAJOR TOC OF THE REPORT
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: U.K. Fleet Management Market Share by Product & Procedure type
Get TOC Details:
https://www.databridgemarketresearch.com/toc/?dbmr=uk-fleet-management-market
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